MAGIC provides seed funding to eight start-ups

Aurangabad, Dec 24:

CMIA’s MAGIC is providing technical and mentorship to the Aurangabad based Startups who are developing innovative solutions to fight against Covid-19 pandemic to minimise the spread of Coronavirus.

Under this initiative, MAGIC is providing Rs 3.20 lakhs as seed funding support to the 8 startups selected who are developing innovative products to combat Covid-19 crisis. Eight startups have been selected for providing technical and mentoring support under ''Strengthening startups for mitigating Covid-19 impact'' project supported by GIZ India.

Giving more information, Ashish Garde director, MAGIC said, "The shortlisted start-ups include, Fintek Engineers that have developed disinfectant fogger, Vital Designs for ‘All in one Hygiene Station’, ARQI Electronics for a smart device to improve the monitoring and controlling of home appliances, Ultra Robotics and Technologies for an automatic hand sanitiser machine and automatic water dispenser, Bheeshma Inc that has developed UV disinfection kit, Moraj Industries for their safety shaving razors, NIYO Innovative Solutions for their low-cost pesticide spraying machines and IPRO3D Technologies for Face Shields using 3D printing technology."